Chief Underwriting Officer Job Description

The Chief Underwriting Officer develops all underwriting procedures and employs new practices. Directs and oversees all aspects of an organization’s underwriting function. Being a Chief Underwriting Officer requires a bachelor’s degree. Coordinates work between home office, field underwriting, and field sales force. In addition, Chief Underwriting Officer typically reports to top management. The Chief Underwriting Officer manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head.

Chief Underwriting Officer Job Description Template

Our company is looking for a Chief Underwriting Officer to join our team.

Responsibilities:

  • BLS representative for renewal of corporate reinsurance treaties;
  • Implementation and Management of internal underwriting compliance controls;
  • Development, implementation, and update of underwriting guidelines including applications, pricing tools, etc;
  • Development, implementation, and maintenance of authority statements. Drafting of authority for other department managers and any MGA relationships;
  • Management of Company and Account Loss Exposure;
  • Primary representative for renewal of BLS specific reinsurance treaties;
  • Provides relevant training and development opportunities;
  • Oversee handling of individual account treaty acceptances;
  • Manages the budget, maintaining cost controls, expense management, and standards;
  • Portfolio management to reflect an appropriate balance between segments and diversification of line of business;
  • Management of company accumulations;
  • Lead for internal underwriting audit;
  • Cycle management- devise strategies and protocols to grow profitably during all market cycles.

Requirements:

  • You have a proven track record of building and maintaining strong business relationships with insureds, agents & brokers;
  • Natural curiosity. You love learning how things work and you are always looking for innovative improvements;
  • BA/BS degree in a related field ideal;
  • Demonstrated ability to provide strategic and tactical leadership to a team of talented professionals;
  • Advanced proficiency with the Microsoft suite of products;
  • Exceptional oral and written communication skills. Your communication style is flexible to the situation. You communicate clearly and with a purpose;
  • A strong customer service bias. You want to get to yes. You are known for your super responsiveness. You can say no and preserve your relationships;
  • You have a strong sense of accountability, fun and adventure;
  • Ability to travel up to 30% of the time, including overnight travel.